Twitter is a major source of information in the cryptocurrency world. But be aware of possible scams, not only on Twitter but also on other social channels such as Telegram, Discord and Instagram.
Dogecoin co-founder Billy Markus tweeted complaining to Twitter's support team that everyone on Twitter is being spammed with crypto scam giveaways. Less than an hour later, Elon Musk agreed with him.
According to a study by Chainalysis, a blockchain research firm, scammers stole over $ 7,7 billion worth of crypto in 2021.
This isn't the first time Elon Musk has complained about scammers and Giveaways
Elon Musk has been talking about scammers since 2018, when he tweeted about looking for Ethereum swingers. Earlier that year, Ethereum co-founder Vitalik Buterin commented “No, I'm not giving away ETH” to prove it was his real account and not a fake one.
Last month, when the new Twitter feature on NFT's profile pictures came out, Musk expressed anger saying:
"Twitter is spending engineering resources on this, while cryptocurrency scammers are throwing a spambot block party in every thread !?"
In October 2021, Billy Markus mentioned in his Twitter account that "there are no promises in crypto, except scammers". A few moments later, Elon Musk responded by making fun of the scammers and saying: "If I send you 2 Doge, will you promise to send me 1 Doge?".
Make sure you know who you are sending your coins to
It doesn't matter who is promising you something, it's best to do your due diligence and investigate before sending any cryptocurrency.
Last week there was a lot of attention on AssangeDAO raising funds to free the founder of WikiLeaks. A few days later, a fake version of AssangeDAO scammed hundreds of users.
Last month, a scammer impersonating Michael Saylor stole around $ 1 million worth of Bitcoin.
According to the 2021 Federal Trade Commission statement, more than $ 2 million has been lost by scammers impersonating Elon Musk.
In new investment assets like cryptocurrencies, scammers take advantage of the influx of new users with disinformation.
We hope that social channels, especially Twitter, find a way to stop these scammers.
In the meantime, if you want to make a smart investment, we suggest you use secure platforms such as Bitcoin Pro, which traders have been using for years to trade tokens. With minimal investment and easy-to-use tools, this platform promises you gains both when the market rises and falls.